The North America Modular Container Market would witness market growth of 6.2% CAGR during the forecast period (2022-2028).
Modular containers can be configured in a variety of ways and are very flexible to the context in which they are used. Containers could be left outside on their own or kept in a warehouse. They don't require any additional structural design to stack. They also enhance current architecture.
User simply needs to find 20 or 40 feet of space to situate a container rather than retrofitting or reconstructing rooms in buildings to house the computer equipment, electrical and mechanical infrastructure, and network. In several scenarios, modular containers ensure excellent security. The containers themselves are largely secure.
Steel construction makes containers resistant to the hazards like debris and wind as well as damage and interference. They can also be sent to extremely secure areas because they are constructed off-site, which reduces the need for their personal & pricey clearance and privacy requirement for these kinds of projects.
In Canada, the construction industry is continuously expanding sector, employing about 1.2 million men and women, or about 7% of the labor force. Across the nation, significant construction investments are planned. For instance, under the Investing in Canada Infrastructure Program launched by the governments of Canada and Alberta, they would invest more than 52.7 million USD to the completion of several infrastructure projects.
The US market dominated the North America Modular Container Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $10,956.9 million by 2028. The Canada market is poised to grow at a CAGR of 8.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 7.7% during (2022 - 2028).
Based on Type, the market is segmented into Mobile and Fixed. Based on Usage, the market is segmented into Storage Containers, Accommodation Containers, Showroom Containers, Sanitary Container, Office Container, Locker Container, and Others. Based on Application, the market is segmented into Industrial, Automotive, Education, Healthcare, and Construction & Others. Based on Container Size, the market is segmented into 10-20 Feet, Below 10 Feet, 21-40 Feet, and Above 40 Feet. Based on Revenue Source, the market is segmented into Rental and New Product Sales. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Modular Container Market is Estimated to reach $40 Billion by 2028, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include WillScot Mobile Mini Holdings Corp., Module-T Prefabrik Sistemleri Dis Tic Ltd Sti (TMEC International), McGRATH RentCorp, Prefabex, MODSTEEL (Prefabricated Modular Steel Structures), Henan K-home Steel Structure Co., Ltd., Kwikspace, and Falcon Structures.
By Type
By Usage
By Application
By Container Size
By Revenue Source
By Country
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